Rehm v. Eagle Finance Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that plaintiff must provide allegations “in addition to bare allegations of GAAP violations” to support scienter
• stating that credit losses were the \defining characteristic\ of loan servicing business
• stating that credit losses were the \defining characteristic\ of loan servicing business
• finding no strong inference of scien-ter where two of three individuals defendants did not sell stock during class period
• denying motions to dismiss for defendants in positions to detect severe deficiency of credit losses
• party’s significant restatement of earnings at the behest of independent accountants provided evidence of fraud

Source: CourtListener parenthetical corpus (CC0).